On Aug. 3, Massachusetts Secretary of the Commonwealth William Galvin officially announced an investigation into how firms use AI in their interactions with Massachusetts investors.Continue Reading on Coin Telegraph More
“As a result of the evolving regulatory environment and the uncertainties around the crypto market in the U.S., we’ve taken the difficult decision, together with our U.S. banking partner, to suspend access to cryptocurrencies through Revolut in the U.S.,” a Revolut spokesperson said via email.From Sept. 2, U.S. customers will no longer be able to buy cryptocurrencies on Revolut. From Oct. 3, buying, selling and holding will be disabled altogether for U.S. customers.Revolut said the move impacts less than 1% of Revolut’s crypto customers globally. More
“Now it’s time to make our wildest dreams come true. Trade crypto from the comfort of your race car bed at 2:00 am. I don’t give a care. Business hours? Thing of the past,” says DeVine in an upcoming clip. Continue Reading on Coin Telegraph More
Included in the suite of generative AI tools are MusicGen and AudioGen, which operate off of text-based inputs to create new audio, along with another called EnCodec that “allows for higher quality music generation with fewer artifacts.”Continue Reading on Coin Telegraph More
This achievement includes the mining of 668 Bitcoins through its dedicated data center located in Michigan during the same period. An additional 241 Bitcoins were mined in partnership with Core Scientific, a leader in customizable infrastructure and software solutions for Blockchain networks, since the inception of the partnership on April 6th, 2023.“We are excited to share our notable strides in Bitcoin mining with our stakeholders; this success underscores our strategic efficiency and dedication,” stated Milton “Todd” Ault, III, Executive Chairman of Ault Alliance. “By leveraging the growing opportunities in the digital asset sector, we stay committed to elevating shareholder value. We extend our appreciation to our partners at Core Scientific, whose significant contributions were instrumental in achieving these impressive figures.”Ault Alliance maintains its commitment to the exploration and utilization of Blockchain technology, contributing to the digital asset industry while providing substantial value to its shareholders.This unaudited update underscores Ault Alliance’s unwavering dedication to transparency and maintaining open communication with its shareholders and the broader market.Ault Alliance notes that all estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to build out and provide the necessary power for miners, and other factors that may impact the results of Bitcoin mining production or operations.For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.ault.com or available at www.sec.gov.About Ault Alliance, Inc.Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and colocation and offers hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.ault.com.Forward-Looking StatementsThis press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.ault.com.View source version on businesswire.com: https://www.businesswire.com/news/home/20230804902641/en/Ault Alliance Investor Contact: [email protected] or 1-888-753-2235Source: Ault Alliance, Inc. More
On Aug. 3, the BoR revealed the corporate identity of its digital currency — the digital ruble. An international ruble symbol in a circle, the logo comes in four basic color combinations: red and white or black and white. Continue Reading on Coin Telegraph More
According to on-chain data, the protocols are offering a 10% bounty of the stolen funds as a reward, urging those responsible for the exploit to step forward and return the remaining 90%. The exploit on July 30 resulted in the theft of roughly $70 million in cryptocurrencies, which would bring the bounty close to $7 million. Continue Reading on Coin Telegraph More
The project used a version of the DDP’s Champion Model. In it, a simulated central bank issued CBDCs to an intermediary bank, which provided access to it to Western Union (WU) for remittance to a BDO Unibank customer in the Philippines. WU used a decentralized exchange (DEX) to trade a dollar CBDC for a Philippine peso CBDC at a real-time rate set by a third-party oracle. WU received payment confirmation and transferred the amount to the bank customer’s account. Continue Reading on Coin Telegraph More
